Apple confirmed last week that it will hold a press event on Oct. 4 at its headquarters the expected event...the debut of the long-awaited iPhone 5.

This is not news to Apple fans, who usually check weekly (daily) to see when the new and improved iPhone 5 was to be unveiled.

The next-generation iPhone has been the subject of intense speculation. Rumors are that the new iPhone will have an 8-megapixel camera, longer battery life, and a faster processor. Others speculate that it will have a larger screen, a curved display, no home button, support for 4G networks, and more memory.

One thing is for sure to iPhone fans everywhere this Tuesday will be like Christmas!

(from CNN Money)